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Gold/Mining/Energy : CGI Group (GIB.A) - -- Ignore unavailable to you. Want to Upgrade?

To: BM who wrote (508)	6/29/1998 12:43:00 PM
From: Bruno Riccio	Read Replies (1) \| Respond to of 1673

I was at the meeting and there were a lot of people for a special meeting. All investors were very positive and as Sal mentioned in his message, some hints were let out. But this may have been just an impression of mine, so do not take my word for it. All and all a very positive meeting with lots of shareholders congratulating the Executives for a job well done and for a bright future ahead. That is it.

To: BM who wrote (508)	6/29/1998 9:00:00 PM
From: Sal Pugliese	Read Replies (1) \| Respond to of 1673

Here is an interesting calculation for the Employee stock option plan. With 7500 I.T. professionals on board CGI at an Average Salary of $70,000 (conservative figure, I'm in the I.T. business...) = $525,000,000 annual salary or $10,096,153 weekly. Let's assume that only 3/4 of CGI's staff do invest in the employee stock option plan. That would give us $7,572,115 million of CGI salaries to be consider for the Employee Stock Option Plan. According to someone on the thread the Stock option plan is between 2% to 10% of employee salary which CGI matches. Let's use 3% to be conservative. Therefore, $7,572,115 * 3% = $227,163 * 2 (CGI's match) = $454,326 which CGI has to spend weekly on buying its own stock. At today's close of $30.10 that represents $454326 / $30.10 = 15093 Shares per week that are bought at market for CGI employees by CGI... Sal P.S. With all the news CGI should get in the papers tomorrow, I see a mid thirty by July 2nd or 3rd...